Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Coinseeker]

Actually surprised the wall at 75 lasted that long.  If anyone had any doubts on which direction the market is going, that should have ended it.

Looks like it - heading down.

So we now have the previous bid wall owner who has lots of Bitcoin he probably doesn't want to keep too long.

Exactly.  He knew that was going to get obliterated if he left it.  Now's a good time to insert that Will Farell clip.  "I immediately regret this decision."  

Edit:  I actually misread your post.  You're right though...60's are coming soon.

[barbs]

absolutely no idea which way the price is going to go

[prof7bit]

Flashing walls is sonar messaging to other whales:

* prof7bit going to implement a chat protocol to communicate via mtgox limit orders and publish it as a goxtool strategy module.

[kickinyou]

We are going down today :p

[hlynur]

someone clearly needed some fiat fast.
could be speculation by whales or some miners in need of cash without hurting market too much.
price was propped up good before to avoid slippage after the selloff.
without that we would have went down quite hard.
i'd tip miners...but that's just me talking

[NewLiberty]

Isn't this still just the ASIC manufacturers selling off their coin. They can't allow it to drop too low or they'll kill their profit margin.

No, it isn't, but thanks for asking.

[hlynur]

Isn't this still just the ASIC manufacturers selling off their coin. They can't allow it to drop too low or they'll kill their profit margin.

No, it isn't, but thanks for asking.

how do you know?

[Walsoraj]

Isn't this still just the ASIC manufacturers selling off their coin. They can't allow it to drop too low or they'll kill their profit margin.

No, it isn't, but thanks for asking.

how do you know?

ASIC miners are all pure hearts

[Dalib]

Bitstamp wall ?


I don't know if this action wasn't transfer of "portfolio" from MtGox to bitstamp

[Miz4r]

It seems like the big money is slowly moving over to Bitstamp now that they know their fiat is safe there.

[MAbtc]

The problem with buying right now is that wall at $80 was tested and was neither bought through nor was it pulled. Market is too scared of dumps for real upward movement. Plus, if you ship the price back to $90 how are you ever going to trigger fear and capitulation and collection tens and tens of thousands of coins sub $50-40-30?

What's a bubble deflating without some bounce here and there? I'm still waiting for my sub-$50 coins. 

[Walsoraj]

It seems like the big money is slowly moving over to Bitstamp now that they know their fiat is safe there.

Does Bitstamp have a FINCEN stamp of approval?

[samson]

It seems like the big money is slowly moving over to Bitstamp now that they know their fiat is safe there.

Does Bitstamp have a FINCEN stamp of approval?

LOL

[ChartBuddy]

[derpinheimer]

999.00 on 75.505.

Someone wants to play a game.

[lucas.sev]

someone clearly needed some fiat fast.

You seriously believe these sells happen because people need fiat? I.e. that they withdraw money from exchanges?

[ag@th0s]

Snippet

The experiment is being done in two isolated rural villages with about 20 first-grade-aged children each, about 50 miles from Addis Ababa. One village is called Wonchi, on the rim of a volcanic crater at 11,000 feet; the other is called Wolonchete, in the Great Rift Valley. Children there had never previously seen printed materials, road signs, or even packaging that had words on them, Negroponte said.

Earlier this year, OLPC workers dropped off closed boxes containing the tablets, taped shut, with no instruction. “I thought the kids would play with the boxes. Within four minutes, one kid not only opened the box, found the on-off switch … powered it up. Within five days, they were using 47 apps per child, per day. Within two weeks, they were singing ABC songs in the village, and within five months, they had hacked Android,” Negroponte said. “Some idiot in our organization or in the Media Lab had disabled the camera, and they figured out the camera, and had hacked Android.”

http://www.technologyreview.com/news/506466/given-tablets-but-no-teachers-ethiopian-children-teach-themselves/

So, how does it feel to be a believer?

I feel even more skeptical about it , Wonchi appears to be a travel destinanion quite used for people visisting etiophia and addis , even with a hotel nearby , so this thing about never seen that never seen this appears more unbelievable.

3. Never seen letters?
Serious doubts have also been expressed about Negroponte’s claim that these people have never seen print, even road signs or words on packaging. Many Africans have expressed astonishment at this statement. It’s only 50 miles from the capital Addis Ababa. Beni, an Ethiopian, says, “I know part of Wonchi and it is not as remote as you displayed it.” Another says “I bet there is a good number of people in that village who write and read. I bet these children have their own "school" that teaches them something in "Amhari" or probably even some English….I seriously doubt the very "strange" picture painted here.” Indeed, it’s on the lip of a well-known tourist spot the Wonchi Crater, which has a lodge hotel (previous residence of Haile Selassie) and is a centre for Eco-tourism. There’s even Tripadvisor reviews for the place and lots of pictures taken by tourists as the crater rim is an established trek route, which you can do in a day from the capital.

If you continue to do a research you can find more about the guy running the projects , it's failures and it's money management let's not say fraud

Negroponte does appear to spread hype over every thing he touches - this is his reworking of an earlier project in India that put PC's into slums and rural villages in India without any accompanying support or explanation and left the street kids to work it out for themselves - which they apparently did: http://www.hole-in-the-wall.com/Beginnings.html - Sugata Mitra won a TED prize in 2013 - I quite like the idea of minimally invasive education

[molecular]

Flashing walls is sonar messaging to other whales:

* prof7bit going to implement a chat protocol to communicate via mtgox limit orders and publish it as a goxtool strategy module.

lol, really? that has got to be one of the funniest ideas ever. "chat over gox orders". love it!

[derpinheimer]

10k wall appeared on ~76.50 for a few seconds. No chance to screencap it unfortunately.

[aepfel]

Flashing walls is sonar messaging to other whales:

* prof7bit going to implement a chat protocol to communicate via mtgox limit orders and publish it as a goxtool strategy module.

lol, really? that has got to be one of the funniest ideas ever. "chat over gox orders". love it!

somebody should take this to kickstarter.